Super brief – HUT8 has had a phenomenal run of late and this is a good place to take a few chips off the table, your call on how much.
My original position in HUT was entered before we ever launched the newsletter, so my cost basis was lower and I’m basically sitting on a 120X right now, so I took 50% off and will be adjusting the weighting in the portfolio accordingly.
If you entered when we first opened the position, you’re sitting on in excess of 700%.
I’ll go into the reasons why in the next edition.
While I was at it, I took the opportunity to open an initial position in TSLA at ~ $350.
